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This entry was published on 2024-07-05
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SECTION 57.10
Guidelines for sale of bonds and notes on a negotiated basis
Local Finance (LFN) CHAPTER 33-A, ARTICLE 2, TITLE 4
* § 57.10 Guidelines for sale of bonds and notes on a negotiated
basis. The state comptroller shall promulgate rules in conformance with
the state administrative procedure act governing the sale of bonds and
notes on a negotiated basis as authorized by sections 54.90 and 57.00 of
this chapter. No bond or note sale on a negotiated basis shall be
conducted by a municipality, school district or district corporation
without prior approval of the state comptroller except as provided in
such rules, which shall set forth the circumstances under which such
approval shall not be required. The state comptroller shall annually
deliver to the senate finance committee and the assembly ways and means
committee a report listing all such sales conducted in the previous
year, including the name of the issuer and the amount of the issue for
each such sale. Such rules shall be reviewed at least annually and
updated as may be necessary.

* NB Repealed July 15, 2027